Crash Course on Insurance

Objective of the course: The participants are familiar with the basic concepts of insurance and its role in Disaster Risk Management (DRM) strategies.

Please click here to find the presentation. 

For further information on microinsurance initiatives, please have a look at the following videos, presentations and publications:

1.     Videos of the MOOC (SDC-EPFL) on “DRM and inclusive insurance” (which form the basis of the presentation above)

2.     SDC’s Savings and Credit Forum on Agriculture Insurance (2016): Presentations on ACRE, RIICE, MICRO, R4 Rural Resilience Initiative, SYFAAH Haiti, etc.

3.     The State of Microinsurance 2017 – Microinsurancesolutions to address climate change by the Microinsurance Network.

The 2017 edition of the journal takes a closer look at microinsurance solutions for climate change, focusing on pioneering ideas in the way microinsurance is being designed and offered, and highlighting key lessons learned from a range of different programs and initiatives. 

Articles include insights on designing natural hazard microinsurance products, mobile-based applications, the role of insurance in assisting agriculture value chain players in adapting to climate change, an integrated agricultural and health insurance approach, facilitating private sector responses to climate risk in the developing world, risk reduction, as well as regulatory and supervisory challenges of index-based insurance. 

I would like to draw your attention to the following articles on three initiatives that SDC supports:

v  Page 14. An integrated risk management approach against climate risks: the R4 Rural Resilience Initiative in Senegal

v  Page 22. Rethinking agricultural insurance: Lessons learnt from the Agriculture and climate Risk Enterprise (ACRE) Africa

v  Page 41. Overcoming the challenges in designing natural hazard microinsurance products: a MICRO experience in Central America.

v  Page 45: Risk reduction and adaptation to climate change for low-income farmers in India: “Climate Resilience through Risk Transfer” (RES-RISK) Project.

4.     The State of Microinsurance 2016 by the Microinsurance Network.

5.     Scaling up Index Insurance for Smallholder Farmers: Recent Evidence and Insight”(2015). By CGIAR.

A report by the Consultative Group on International Agricultural Research (CGIAR) exploring evidence from five case studies: 

1. India’s national index-based insurance schemes

2. ACRE – East Africa

3. R4 Rural Resilience Initiative – Ethiopia and Senegal

4. Mongolia Index-Based Livestock Insurance IBLIP

5. Index-Based Livestock Insurance IBLI – Kenia and Ethiopia

The report identifies 5 common features appearing to having contributed to recent progress within these initiatives:

ü  Explicitly targeting obstacles to improving farmer income;

ü  Integration of insurance with other development interventions;

ü  Giving farmers a voice in the design of products;

ü  Investing in local capacity; and

ü  Investing in science-based index development.

6.     SDC’s GlobalBrief on Agriculture Insurance